Choose an exchange service.
The least difficult method of getting bitcoins is by using an online exchange. The approach taken by an online bitcoin exchanger is very equivalent to the method taken by currency exchangers. All you have to do is register online and perform the conversion of your fiat currency to bitcoins. You can locate numerous bitcoin exchangers online, the ideal option for you is to choose the one exactly where you are. Here I will give you a list of the most stable and reputable online bitcoin exchanges:
Probably the best known. This exchange will provide you exchange, wallet creation and bitcoin trading services. In fact, they have mobile apps so you can buy or exchange your bitcoins more easily.
By creating an account there, you will be able to store, receive, send and exchange your bitcoins.
This organization will mail you a debit card, so you can use your bitcoin in your preferred fiat currency.
Some exchange services allow you to trade Bitcoins as well.
Some of these exchange services will allow you to trade your bitcoins. You will find Bitcoin exchange services that limit the amount of bitcoins you can buy and sell each day. Many of these exchanges and wallet systems save digital and also fiat currencies, extremely identical to what regular bank accounts do. These exchanges and wallets are incredibly great if you’re hoping to get into business and you don’t need 100% anonymity.
Provide proof of your identity and contact information to the Service.
As soon as you register with the online bitcoin exchange service, you will need to provide your personal information to generate your online account properly. Many countries require members to meet anti-money laundering criteria, so you will need to provide proof of your identity. You should keep in mind that online bitcoin exchanges will not give you the exact degree of security that banks can. In other worlds, you may not be protected from hackers or get a refund, should the online bitcoin exchange go out of business. This completely depends on the exchange, obviously many have stronger security systems than others and a few are even more financially stable than others.
Buy Bitcoins with your exchange account.
Now that you’ve completed setting up your online bitcoin exchange service account, you’ll need to link it to your bank account, so you can easily send and receive money between the two platforms. Transferring cash from your bank to the online platform and vice versa may incur a charge. You should read all the details about this topic in the online exchange systems and in the help/FAQ parts of your banking platform. There are exchangers that allow you to make a deposit in person to their bank account. Either way, it is extremely wise that you choose an online exchange platform, based in your country, some exchanges may also limit their members to register only if they live in the exact country they are . However, there are exchangers that allow you to transfer cash to overseas accounts, remember that the charges may be higher if you choose to continue with this approach, and it may possibly include a hold on getting your money.